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Stock impact report

Why Planet Labs Is a Great Buy This Year [Yahoo! Finance]

Planet Labs PBC Class A (PL) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Planet Labs PBC › Geopolitical relationships, defense and military needs, and climate monitoring are just a few of the important use cases for real-time Earth data. This is a problem Planet Labs PBC (NYSE: PL) is solving with its large fleet of satellite constellations. Planet Labs' stock skyrocketed recently on a solid quarterly earnings report and the news of a deal it struck with Sweden's military. The contract is reportedly a multiyear, nine-figure deal. Planet Labs' stock is up 28% year to date as of Jan. 21, and 468% in the past year. Planet Labs operates on a subscription basis, offering clients access to its satellite data. The company is gaining traction, as the Sweden deal is its third major satellite services contract in the past 12 months. In Planet Labs's third-quarter fiscal 2026 earnings, the company also showed impressive growth. Revenue hit a record $81 million for the quarter, and the backlog has increased to $734 million. The b Show less Read more
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